Permanent Portfolio

The Permanent Portfolio was proposed by Harry Browne in the book Fail Safe Investing.  An excellent modern guide is The Permanent Portfolio: Harry Browne’s Long-Term Investment Strategy by Craig Rowland and J. M. Lawson.

 

permanent-portfolio

Asset Allocation

Stocks

Domestic

  • 25% Total Stock Market

Bonds

  • 25% Long Term Bonds
  • 25% Tbills/Cash ¹

Real Assets

  • 25% Gold

 

Notes

1) Short term bonds are a common substitute for cash for many Permanent Portfolio investors.